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Too many property agents? Cap commissions on home sales

Agencies should do fine with commission rates capped at 1.5 per cent

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Leslie Yee

Leslie Yee

Published Mon, Apr 22, 2024 · 03:42 PM
    • Consider capping commission payable on housing transactions instead of the number of real estate salespersons.
    • Consider capping commission payable on housing transactions instead of the number of real estate salespersons. PHOTO: YEN MENG JIIN, BT

    MUCH hard work and personal sacrifice is needed to reach the apex of any field. One may also need to be adaptable, constantly learn new things, have the right mindset and/or be lucky.

    Kudos to Singapore’s top property agents whose drive has helped them attain enviable lifestyles. 

    The dream of achieving material success by being a property agent appears to be alive and well here, even as the volume of new private home sales in 2023 was the weakest since 2008.

    The Level GroundResidentialSingapore residential propertyResidential propertySingapore propertyProperty agentsPropNexProperty developers

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